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Why is radiology salary so down?
Can’t help that they’re mostly employed like us
Can’t help that they’re mostly employed like us
It will go back up in short order... Secular growth on imaging/demand, radonc saturated around us, rads hiring left and right, both hospital and pp groupsWhy is radiology salary so down?
Can’t help that they’re mostly employed like us
Why is radiology salary so down?
Can’t help that they’re mostly employed like us
Physicists don't receive referrals at our practice, radiation oncologists do. There are no physics or technical charges without RO pro charges? The physicists all have doctorates too, get paid $100k less, and don't expect to collect a separate commission for every patient treated. Why do you think you're the only one who gets to collect a commission on the patient?
They had a weaker job market several years ago.. Not that surprising. They cut slots however and demand has continued to growMoonbeams stop rambling. Why are you surprised that doctors want to talk about salary. Everyone else talks about salary. Not sure what your point is.
Anyways I was talking about the trends posted in the tweet. Rad onc is down 1 percent, accounting for inflation. Was surprised to see that radiology was down as well.
Psych has essentially switched places with rad Onc in terms of competitiveness of their respective specialties over the last few years. One of my close med school buddies is PD at an ivy league program, essentially was matching a lot of fmgs a decade ago now all AMGs are matching with stronger stats. Meanwhile RO programs lately at the lower end are matching people that aren't even competitive enough for surgery prelim years and have failed step 1/2 and even med school years etcdata is quite interesting the more I look at it. Derm is down more than anyone else, at -4.59%. Biggest rises are FM (1.45) and Psych (2.06)
Physicists don't receive referrals at our practice, radiation oncologists do. There are no physics or technical charges without RO pro charges
You can think you deserve the world but at the end of the day you're beholden to people like DH at wash U and the supply they create irrespective of market demand.One is what we can get upset about and why we deserve more (if we are employed)
We got slapped multiple times by CMS.Why is radiology salary so down?
Can’t help that they’re mostly employed like us
Bigger problem is that the table is titled towards hospital based and PPS exempt places when it comes to reimbursement. Why wouldn't those practices sell out when they are getting paid less than everyone else?.
The problem for us as a field are predatory practices selling out to PE.
We got slapped multiple times by CMS.
We also got hurt by the changes in rvu weighting for EM codes since we rarely bill those. All our other codes got a 10% cut when the rvu conversion went down 37->34.
The problem for us as a field are predatory practices selling out to PE.
Bigger problem is that the table is titled towards hospital based and PPS exempt places when it comes to reimbursement. Why wouldn't those practices sell out when they are getting paid less than everyone else?
Yes, it is, to some extent. On the flip side, the system is screwing most doctors (let alone most people) a whole lot more.People need to realize as they are being screwed that the system aint broken but in fact working just as designed to work. The system is rawdogging/drewdogging you purposefully,methodically,mercilessly. You are welcome sir.
Locums market definitely stronger this year... Would dump them like a bad habit if you have no ties to the area.I’ve tried really hard to get a bump in salary from my hospital employer. Making about MGMA mean but I’m at a not great location. Seeing about 200 consults/year. Hospital making millions off me at my single physician site but I can’t get a raise. Seriously considering leaving and they can take their chances with whomever they get. Im sure they will be willing to coast by with locums for years as the consult numbers dwindle down.
PPS exempt doesn’t really matter when there isn’t one in most states for us. They also largely don’t have big imaging operations surprisingly, my guess is because many patients will get scanned locally and then have the images second interpreted at the flagship, which is really trivial revenue for them.Bigger problem is that the table is titled towards hospital based and PPS exempt places when it comes to reimbursement. Why wouldn't those practices sell out when they are getting paid less than everyone else?
That's completely the opposite of what I've seen... One of the more ruralish hospitals in our area got written up in the local paper for charging the most for an MRI in the whole state.... Well into the 4 figures while the nearby freestanding facility was charging a fraction of that.
In radiology it’s a bit more complicated. The facility and OPPS payments can in certain circumstances actually pay less for hospital based equipment vs IDTF or physician practice owned scanners. An example off the top of my head is PETCT. I believe Medicare reimburses $500 less for hospital owned scanners vs IDTF/physician office.
What they charge is not what they get paid. Medicare is Medicare. Again, that freestanding has to compete and unfortunately the market for them is cash pay and hdhp. They have to charge less because why else would you go to a random place that isn’t connected etc.That's completely the opposite of what I've seen... One of the more ruralish hospitals in our area got written for charging the most for an MRI in the whole state.... Well into the 4 figures while the nearby freestanding facility was charging a fraction of that
Look at dental grads who do their paid for residency’s. That’s probably where we are headed. It’s disgusting.While RadOnc has its own "unique" (to medical specialties, at least) problems, the PE/MBA/CMS cuts/etc problems affect all of medicine.
Simultaneously, the cost to attend college and medical school continues to increase. Obviously, people find "other" ways to pay - family wealth, military, MD-PhD programs, that sort of thing.
However, there is still a large percentage of kids shouldering the cost through loans alone. 10 years ago, I knew people graduating with $300k+ in student loan debt. The most I remember hearing about - 10 years ago - was around $400k.
Thinking about children born today, and using one of the college cost projection calculators for 18 years in the future, the estimate is staggering.
What's the "canary in the coal mine" for the American medicine enterprise? $600k in student loans? $700k?
For the majority of docs who work for a hospital that is a 501c3, PSLF will kick in long before you pay off the loan. In reality, for many of us… the balance doesn’t matter. You just need to endure paying 10% of your salary for 10 years (under one of the income driven repayment deals), and all of the remainder is forgiven. The pause in repayments has been helpful because each month that it remains paused still counts toward the ten years of PSLFWhile RadOnc has its own "unique" (to medical specialties, at least) problems, the PE/MBA/CMS cuts/etc problems affect all of medicine.
Simultaneously, the cost to attend college and medical school continues to increase. Obviously, people find "other" ways to pay - family wealth, military, MD-PhD programs, that sort of thing.
However, there is still a large percentage of kids shouldering the cost through loans alone. 10 years ago, I knew people graduating with $300k+ in student loan debt. The most I remember hearing about - 10 years ago - was around $400k.
Thinking about children born today, and using one of the college cost projection calculators for 18 years in the future, the estimate is staggering.
What's the "canary in the coal mine" for the American medicine enterprise? $600k in student loans? $700k?
Do a large # of ROs work at a eligible hospital?For the majority of docs who work for a hospital that is a 501c3, PSLF will kick in long before you pay off the loan. In reality, for many of us… the balance doesn’t matter. You just need to endure paying 10% of your salary for 10 years (under one of the income driven repayment deals), and all of the remainder is forgiven. The pause in repayments has been helpful because each month that it remains paused still counts toward the ten years of PSLF
Seeing about 200 consults/year.
I’m at one and well into the PSLF program. Everyone should get 5 of the 10 years required just by doing rad onc residency. If 55% of rad onc’s are at “academic” places then at least that many should be technically eligible assuming loans and payment plan are properly structured.Do a large # of ROs work at a eligible hospital?
Until this newest job, I never saw less than 200. But never saw more than about 350would be interesting to see a mean/median metric for this consult/year number. I'm def above 200.
I imagine so, but don’t know for sure. I think most hospitals are, technically, not-for-profit (501c3). There are a handful of for profit health systems but I don’t think it is a large fraction. Would defer to others you have more knowledge about the numbers.Do a large # of ROs work at a eligible hospital?
So, if you work for any non-profit, you are eligible ? This is fantastic. I didn’t know it was any non profit.I imagine so, but don’t know for sure. I think most hospitals are, technically, not-for-profit (501c3). There are a handful of for profit health systems but I don’t think it is a large fraction. Would defer to others you have more knowledge about the numbers.
Absolutely.There’s a lot of devils in the details for non profits. For example you may work at the non profit academic center, but your employer is technically the physician group which provides physician services to the academic center and is not a not for profit. This is true at most academic centers I’ve seen.
I have heard about this but haven’t seen it. I think this information is publicly available and should be of keen interest to every resident who is looking for a job. FWIW, this is not the case where I trained or where I work now.Absolutely.
This is like the "surprise out-of-network" bill in reverse.
Among many other real-world classes I wish were mandatory in med school, "employment and contract structure of American physicians" would be high on my list.
It’s very easy to compute.would be interesting to see a mean/median metric for this consult/year number. I'm def above 200.
If someone offered me such a class prior to med school, no way I would’ve chosen med school. It’s too uncertain and too much of a rigged game. I would’ve rather taken my chances elsewhere in a different game. Just saying what a young 22yo me would’ve thought. I guess if I got the class in med school I would be like “Jeez that’s scary. When are midterms?” They could’ve given a class on Thursdays in med school and I would have stuck it out.Absolutely.
This is like the "surprise out-of-network" bill in reverse.
Among many other real-world classes I wish were mandatory in med school, "employment and contract structure of American physicians" would be high on my list.
I also think it's public information - I just don't know how many residents even know to ask the question!I have heard about this but haven’t seen it. I think this information is publicly available and should be of keen interest to every resident who is looking for a job. FWIW, this is not the case where I trained or where I work now.
1.1m XRT patients per year. 5500 ROs.I mean it was sort of a batcall for you. Give it to us
More interested in median than mean given all the rad oncs who don’t see many patients either because of admin positions or senior level in academics/large networks
C'mon now you're ignoring all those new oligomet and Radiopharm/Lu patients that are going to rain down and save the specialty!!1.1m XRT patients per year. 5500 ROs.
∴Avg=200 pts/RO/yr.
Median will be in neighborhood 3/4 that.
Avg was 300 plus more than 20y ago.
If trends continue, the avg RO will be out of patients before end of century.
Radiologist salary? Are we at the VA? I'm not sure where you are getting your information.
I know multiple radiologists in PP. They are not paid salaries and do quite well. Again, I'm struggling to follow to pre-occupation with average reported "salaries." As noted above, MGMA is not salary.
You're talking about salary a lot. And this was my point above that I was trying to make that went over like a lead balloon. Grooming rad oncs to expect to be paid a salary plays into the model that the hospitals want where physicians are separated from payors and the financials are obfuscated. A $350k "salary" is multiple standard deviations above the national average. It's pretty unreasonable to object to that, don't you think? The physicists all have doctorates too, get paid $100k less, and don't expect to collect a separate commission for every patient treated. Why do you think you're the only one who gets to collect a commission on the patient? The professional fee really covers the professional service provided by the whole team - doctor, nurse, physicist, administrator, etc. The hospital will collect all the fees and split them fairly as salaries. (OTN, don't murder me please).
This is Capitalism 101.
I get to collect a "commission" (I assume you mean global billing) because I am the part owner of the practice in which the patient was treated. As the owner of the enterprise, I assume the financial risk of the practice and invested $$ to help build and grow the practice. Naturally, one would expect to get a return on this investment, which getting the global billing accomplishes.
You're suggesting our nurses, physicists (ours don't have doctorates), administrators should have a right to this global billing as well. Why should they? They don't own the practice, haven't taken on any financial risk, and aren't nearly as medicolegally responsible for the patients as we as physicians are. However, that doesn't even matter.
Our economic structure in this country is capitalism. You have to own the capital to get the ism. I, along with our other physician partners, own the capital. Our employees do not. "Deserve" ain't got nothing to do with it.
You could argue that larger institutions have larger philanthropic and research missions, blah blah blah, but then I would point out that we put more patients on clinical trials than any other institution in the country, deliver an enormous amount of charity care, and do it all at a cost 1/5th that of major academic medical centers. However, again, that doesn't matter. We own the practice, so we get to collect global billing. Doesn't have to be more complicated than that.
I understand all of that, especially with regards to those who take the financial risk to build a new practice vs. buying into an established healthy practice. My beef is specifically with organizations and how they view the professional billing and the idea that it is unreasonable for a physician to expect to be paid most of whatever is collected on the pro side. The reasoning has devolved down to a level that this reimbursement should be spread among all team members, not just physician, and there is really no shame in saying this anymore. The shame is on the physician for assuming the professional collections should be his/her income.
This is why I think focusing on things like average "salaries" does a disservice. Then you end up with job ads, like the one in Colorado where in order to submit the application you have to input an integer for your "pay expectation." No. My pay expectation depends on the mix of patients I will be seeing and their payors. You need to give me that number, not the other way around.